Can I retire at age 68 with 18,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,488,443
2 years$768,558$754,244$740,372$726,922$713,875$703,091
3 years$507,282$492,907$479,070$465,746$452,912$442,372
4 years$376,670$362,339$348,640$335,544$323,021$312,806
5 years$298,323$284,078$270,559$257,730$245,555$235,696
6 years$246,109$231,971$218,652$206,108$194,299$184,809
7 years$208,828$194,809$181,701$169,453$158,017$148,900
8 years$180,880$166,987$154,097$142,150$131,091$122,346
9 years$159,154$145,392$132,723$121,080$110,397$102,023
10 years$141,783$128,156$115,711$104,372$94,064$86,056
11 years$127,580$114,090$101,870$90,835$80,898$73,251
12 years$115,753$102,401$90,407$79,675$70,105$62,811
13 years$105,753$92,541$80,773$70,341$61,133$54,185
14 years$97,189$84,117$72,575$62,441$53,589$46,978
15 years$89,773$76,842$65,525$55,686$47,184$40,902
16 years$83,291$70,501$59,408$49,861$41,701$35,738
17 years$77,577$64,929$54,059$44,800$36,975$31,322
18 years$72,504$59,997$49,349$40,373$32,876$27,522
19 years$67,971$55,605$45,177$36,481$29,303$24,238
20 years$63,895$51,671$41,461$33,040$26,174$21,388
21 years$60,213$48,129$38,136$29,986$23,423$18,904
22 years$56,870$44,927$35,148$27,264$20,996$16,734
23 years$53,822$42,019$32,453$24,830$18,847$14,832
24 years$51,032$39,369$30,014$22,647$16,940$13,161
25 years$48,469$36,946$27,799$20,682$15,243$11,690
26 years$46,108$34,723$25,782$18,911$13,731$10,392
27 years$43,925$32,679$23,941$17,309$12,379$9,246
28 years$41,901$30,793$22,256$15,859$11,170$8,232
29 years$40,021$29,050$20,711$14,543$10,086$7,333
30 years$38,269$27,434$19,292$13,347$9,114$6,536
31 years$36,633$25,935$17,985$12,258$8,240$5,829
32 years$35,103$24,539$16,780$11,266$7,453$5,200
33 years$33,668$23,239$15,668$10,360$6,745$4,641
34 years$32,321$22,026$14,639$9,532$6,107$4,143
35 years$31,053$20,891$13,687$8,775$5,531$3,700
36 years$29,859$19,828$12,804$8,081$5,012$3,305
37 years$28,732$18,833$11,984$7,446$4,542$2,953
38 years$27,666$17,898$11,222$6,863$4,118$2,639
39 years$26,658$17,019$10,514$6,328$3,734$2,359
40 years$25,703$16,192$9,855$5,837$3,387$2,109
41 years$24,796$15,413$9,241$5,385$3,073$1,885
42 years$23,935$14,679$8,668$4,970$2,788$1,686
43 years$23,116$13,986$8,134$4,588$2,531$1,508
44 years$22,337$13,332$7,635$4,236$2,297$1,349
45 years$21,594$12,713$7,169$3,912$2,085$1,206
46 years$20,886$12,128$6,733$3,614$1,893$1,079
47 years$20,210$11,574$6,326$3,338$1,719$966
48 years$19,564$11,049$5,945$3,085$1,561$864
49 years$18,946$10,551$5,588$2,851$1,418$773
50 years$18,355$10,079$5,253$2,635$1,288$692

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $18,800,000, adding $6,255 every year, while hoping to spend $40,423 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 36/40/24 Blend
67$18,800,000$18,800,000$18,800,000$18,800,000
68$20,724,052$19,727,652$19,436,252$21,319,921
69$22,794,896$20,651,297$20,044,357$22,683,046
70$25,075,610$21,618,846$20,671,478$24,149,473
71$27,587,561$22,632,408$21,318,211$25,731,809
72$30,354,288$23,694,192$21,985,167$27,440,475
73$33,401,735$24,806,517$22,672,980$29,286,890
74$36,758,488$25,971,812$23,382,300$31,283,578
75$40,456,047$27,192,625$24,113,801$33,444,270
76$44,529,126$28,471,625$24,868,175$35,784,030
77$49,015,975$29,811,613$25,646,138$38,319,386
78$53,958,747$31,215,524$26,448,425$41,068,475
79$59,403,890$32,686,436$27,275,799$44,051,204
80$65,402,591$34,227,575$28,129,042$47,289,428
81$72,011,253$35,842,325$29,008,963$50,807,143
82$79,292,034$37,534,231$29,916,396$54,630,704
83$87,313,426$39,307,013$30,852,200$58,789,058
84$96,150,909$41,164,570$31,817,262$63,314,004
85$105,887,658$43,110,990$32,812,496$68,240,481
86$116,615,330$45,150,560$33,838,846$73,606,886
87$128,434,929$47,287,773$34,897,282$79,455,414
88$141,457,759$49,527,341$35,988,809$85,832,449
89$155,806,476$51,874,206$37,114,460$92,788,980
90$171,616,243$54,333,549$38,275,300$100,381,068
91$189,036,007$56,910,800$39,472,431$108,670,355
92$208,229,907$59,611,657$40,706,984$117,724,630
93$229,378,820$62,442,091$41,980,131$127,618,445
94$252,682,071$65,408,364$43,293,076$138,433,805
95$278,359,311$68,517,042$44,647,063$150,260,914
96$306,652,595$71,775,012$46,043,373$163,199,006
97$337,828,664$75,189,492$47,483,331$177,357,260
98$372,181,463$78,768,052$48,968,298$192,855,806
99$410,034,918$82,518,632$50,499,682$209,826,830
100$451,745,990$86,449,555$52,078,931$228,415,800